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Venkatesh P

Co-Founder and Director

Maveric Systems

Member since

17 Jun 2016

Location

Chennai

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Venkatesh's opinions

Quick-Win AI Strategies for Banks

Over the last two years, there has been significant buzz around the potential of GenAI and the various platforms and tools that have emerged in the market. However, we have not seen the same level of buzz around successful implementations, barring some examples of incremental progress. Only 2% of organizations in financial services are considered ...

15 February 2025 /ai /retail Innovation in Financial Services

Context is King in AI implementation - An overview of the use of AI Tech Stack in Banking

In the ever-evolving landscape of the banking industry, the significance of artificial intelligence (AI) and machine learning (ML) has grown exponentially. With the rise and fall of numerous buzzwords, AI remains a dominant force, promising to transform banking operations. To approach an AI implementation, especially in the context of Conversati

19 August 2024 /ai /retail Banking Strategy, Digital and Transformation

AI and its impact on work

Preamble There is considerable debate in professional and public media about the impact of AI, and assertions from both groups- those who welcome and indicate that there would be no loss of jobs and those who hold just the opposite- would have some consequences and would remove jobs. There is not much other than the advent of computers and digita...

23 February 2024 Banking Strategy, Digital and Transformation

AI and its impact on work

20 February 2024

Metaverse and banking

The term Metaverse is taken from the imaginary town described in the sci-fi novel Snow crush by Neal Stephenson in which the hero Hiro spends most of the time. It is a virtual place with 3D and interactive engagement. The central purpose is to give the individual and corporations absolute liberty in controlling privacy of their data and provide a ...

09 June 2022 /retail /predictions Borderless World

Digitalization: The Future of Wealth Management

The wealth management industry is in the midst of a monumental shift due to changing demographics, the influx of new generation potential investors, transitional global scenarios, and most importantly the rampant digitalization. This pace of change has been long predicted but the pandemic has accelerated its adoption, providing continuous opportun...

01 February 2021 /wealth /predictions Banking Strategy, Digital and Transformation

Blockchain vs AI - which is the better bet ?

As it has always been, today too, technology managers have to contend with two complementing technologies for their attention and budget. In this circumstance, let us review where the tilt should be. Let us circumscribe our scope to the BFSI vertical. The principles derived here, with some or no modification, may find application elsewhere. After t...

09 May 2017

Banking models to address revenue fall: Technology Vs. Business focus

I had outlined in my previous post the fall in revenue that banks are witnessing across their service lines (you can read it here). The move towards overcoming this drop in revenue needs to go beyond the tried and tested models of cost reduction and margin improvement. Such a move cannot be restricted to the superficial layer of operations, but ne...

01 March 2017 /retail

Banking on Internet of Things -IoT

Since the 2008 meltdown, banks have been arming themselves with strategies to counter a drop in revenue across most of their prominent lines of businesses and products. Recent Mckinsey report on Global Banking outlines a fall in revenue across business lines such as consumer lending & payments as well as a fall in sources of funds such as chec...

02 February 2017

Moving ahead in Fintech landscape-A Ready reckoner for CFOs

In my last post I outlined the emerging role of Fintechs and what CFOs need to be cognizant of while operating in a marketplace influenced by Fintechs. Needless to say, the role of CFOs have become critical in light of the changing environment pervaded by technology shifts and emergence of new age players. It is necessary to check their awareness,...

09 August 2016 /retail